8939 N 8th St
Description
Lease Details: A robust 5-year lease with built-in increases in years 2 through 5, ensuring predictable cash flow growth. Tenant Reliability: A proven tenant known for exceptional property maintenance and consistent, on-time rent payments. Lease: Absolute NNN Tenant responsible for taxes, insurance, and property maintenance,...Discover a compelling investment opportunity with a newly signed NNN absolute lease, offering stability and growth potential. Situated in a high-demand location, this property features:
Lease Details: A robust 5-year lease with built-in increases in years 2 through 5, ensuring predictable cash flow growth. Tenant Reliability: A proven tenant known for exceptional property maintenance and consistent, on-time rent payments. Lease: Absolute NNN Tenant responsible for taxes, insurance, and property maintenance, reducing landlord responsibilities and maximizing returns. Options for Expansion: Two additional 5-year renewal options, providing long-term income security and flexibility. NO SELLER CARRY- see additional information Discover a compelling investment opportunity with a newly signed NNN absolute lease, offering stability and growth potential. Situated in a high-demand location, this property features:
Lease Details: A robust 5-year lease with built-in increases in years 2 through 5, ensuring predictable cash flow growth. Tenant Reliability: A proven tenant known for exceptional property maintenance and consistent, on-time rent payments. Triple NNN Lease: Tenant responsible for taxes, insurance, and property maintenance, reducing landlord responsibilities and maximizing returns. Options for Expansion: Two additional 5-year renewal options, providing long-term income security and flexibility. Property Highlights:
Location: Strategically positioned in a thriving area known for its economic stability and growth potential. Tenant Quality: Established tenant with a strong track record in property care and financial responsibility. Investment Appeal: Ideal for investors seeking passive income with minimal management involvement and reliable returns. Financial Snapshot:
Lease Rate: $10,500 per month with scheduled increases, enhancing cash flow over the lease term. Cap Rate: 8.25% - A strong return on investment with steady, growing income. Tenant Stability: Secure income stream backed by a reputable tenant committed to property upkeep and lease obligations. Property Details:
- Comprehensive Renovation: Extensive upgrades position this building competitively in the rental market.
- Unit Mix:
- 6 Units: 1-bedroom apartments
- 2 Units: 2-bedroom, 1-bath apartments
- 1 Office Unit: Currently used as an office space, can be converted to a 1-bedroom apartment upon request. Currently used as an office space, can be converted to a 1-bedroom apartment upon request - Renovations & Upgrades: This is a special delimiter sentence. This is a special delimiter sentence - Apartment Upgrades (Rehabbed in 2024): Each of the 7 units has been thoughtfully updated, with bathroom renovations costing approximately $12,000 per unit.
- Office/Storage Space Addition: Added for approximately $100,000, this versatile space can serve multiple purposes. Added for approximately $100,000, this versatile space can serve multiple purposes - Exterior Enhancements: This is a special delimiter sentence. This is a special delimiter sentence - Brick patio installed in 2019 ($15,000), featuring TV and power outlets.
- Security gate added in 2015 ($5,000).
- New brick wall for added privacy ($5,000).
- New mailboxes installed in August 2024 ($500). Property Features: This is a special delimiter sentence. This is a special delimiter sentence - On-site laundry facility
- Two storage units included
- Tenant amenities such as microwaves, refrigerators, and stoves in all units
- Gated property for security and privacy
- Currently leased in a Master Lease on an Absolute NNN Lease
Buyer Information:
Buyer to verify all facts and figures. There is NO SELLER CARRY
Property Details for 8939 North 8th Street
Property Details for 8939 North 8th Street
| Status | Active |
|---|---|
| MLS # | 6749873 |
| Days on Market | 443 |
| Taxes | $4,040 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multiple Dwellings |
| Year Built | 1987 |
| Lot Size | - |
| County | Maricopa County |
Location
Building Information for 8939 North 8th Street
Payment Calculator
$8,366 per month
30 year fixed, 6.28% Interest
$8,030
$337
$0
Property Information for 8939 North 8th Street
- Unparsed Address: 8939 N 8TH Street, Phoenix, AZ 85020
- City: Phoenix
- Coordinates: -112.062267, 33.567166
- Country: US
- County Or Parish: Maricopa
- Cross Street: 7TH STREET AND DUNLAP
- Directions: Dunlap west to 8th Street and south to property
- Latitude: 33.567166
- Longitude: -112.062267
- Postal City: Phoenix
- Postal Code: 85020
- Postal Code Plus4: 6131
- State Or Province: AZ
- Street Suffix: Street
- Year Built: 1,987
- Tax Annual Amount: $4,040.00
- Tax Book Number: 160.00
- Tax Legal Description: LOT 12 FORD TRACT MCR 003230
- Tax Lot: 12 & 13
- Tax Parcel Letter: A
- Tax Year: 2,024
- Covered Spaces: 0
- Garage YN: No
- Open Parking Spaces: 10
- Open Parking YN: Yes
- Parking Features: Other, Paved, Free, >1 Space Per Unit, On Street
- Parking Total: 10
- High School: Sunnyslope High School
- High School District: Glendale Union High School District
- Virtual Tour URL Unbranded: https://tours.arizonarealtours.com/2272836?idx=1
- Building Area Units: Square Feet
- Living Area Units: Square Feet
- Lot Size Acres: 0.0
- Lot Size Area: 0.0
- Lot Size Dimensions: IRR
- Lot Size Square Feet: 0.0
- Disclosures: Other (See Remarks), Seller Prop Disc Stm, APOD/Backup Avaible, Sch of Personal Prop
- Documents Change Timestamp: 10-09-2025 12:30:58 PM
- Documents Count: 14
- Ownership: Fee Simple
- Parcel Number: 16003012A
- Property Type: Multiple Dwellings
- Road Surface Type: Asphalt, Curb(s) & Gutter(s)
- Electric: Other (See Remarks), APS, Individual Meter
- Electric Expense: $.00
- Electric On Property YN: Yes
- Sewer: Public Sewer
- Trash Expense: $.00
- Water Sewer Expense: $.00
- Water Source: Master Meter, City Franchise
- Community Features: Other, See Remarks, Barbecue, Manager Res/Office, No Pool
- Construction Materials: Wood Frame, Painted, Stucco, Block
- Number Of Buildings: 3
- Number Of Units Total: 7
- Roof: Composition, Foam, Rolled/Hot Mop
- Bathrooms Total Decimal: 0.0
- Bathrooms Total Integer: 0
- Cooling: Ceiling Fan(s), Heat Pump, Individual
- Cooling YN: Yes
- Flooring: Carpet, Ceramic Tile
- Heating: Individual, Heat Pump, Electric
- Heating YN: Yes
- Fuel Expense: $.00
- Gardner Expense: $.00
- Gross Income: $136,540.00
- Gross Scheduled Income: $131,400.00
- Insurance Expense: $.00
- Maintenance Expense: $.00
- Net Operating Income: $131,140.00
- Operating Expense: $4,040.00
- Other Expense: $.00
- Professional Management Expense: $.00
Property History for 8939 North 8th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 8, 2025 | Price Change ARMLS #6749873 | $1,625,000 | — |
| Aug 12, 2025 | Price Change ARMLS #6749873 | $1,695,000 | — |
| Jun 3, 2025 | Price Change ARMLS #6749873 | $1,590,000 | — |
| May 24, 2025 | Listed (Active) ARMLS #6749873 | — | |
| May 15, 2025 | Pending ARMLS #6749873 | — | |
| Mar 12, 2025 | Listed (Active) ARMLS #6749873 | — | |
| Mar 2, 2025 | Pending ARMLS #6749873 | — | |
| Aug 28, 2024 | Listed (Active) ARMLS #6749873 | $1,475,000 | — |
| Mar 5, 2015 | Sold ARMLS #5219427 | $335,000 | — |
| Mar 4, 2015 | Sold (Public Record) Public Record #488862477 | $335,000 | — |
| Feb 6, 2015 | Pending ARMLS #5219427 | — | |
| Jan 4, 2015 | Listed (Active) ARMLS #5219427 | $330,000 | — |
| Feb 15, 2001 | Sold ARMLS #1579990 | $168,500 | — |
| Jan 9, 2001 | Pending ARMLS #1579990 | — | |
| Dec 20, 2000 | Listed (Active) ARMLS #1579990 | $179,000 | — |
| Apr 21, 2000 | Sold ARMLS #1442439 | $170,000 | — |
| Mar 30, 2000 | Pending ARMLS #1442439 | — | |
| Oct 21, 1999 | Listed (Active) ARMLS #1442439 | $179,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/08/2025 | Price Change ARMLS #6749873 | $1,625,000 |
| 08/12/2025 | Price Change ARMLS #6749873 | $1,695,000 |
| 06/03/2025 | Price Change ARMLS #6749873 | $1,590,000 |
| 05/24/2025 | Listed (Active) ARMLS #6749873 | — |
| 05/15/2025 | Pending ARMLS #6749873 | — |
| 03/12/2025 | Listed (Active) ARMLS #6749873 | — |
| 03/02/2025 | Pending ARMLS #6749873 | — |
| 08/28/2024 | Listed (Active) ARMLS #6749873 | $1,475,000 |
| 03/05/2015 | Sold ARMLS #5219427 | $335,000 |
| 03/04/2015 | Sold (Public Record) Public Record #488862477 | $335,000 |
| 02/06/2015 | Pending ARMLS #5219427 | — |
| 01/04/2015 | Listed (Active) ARMLS #5219427 | $330,000 |
| 02/15/2001 | Sold ARMLS #1579990 | $168,500 |
| 01/09/2001 | Pending ARMLS #1579990 | — |
| 12/20/2000 | Listed (Active) ARMLS #1579990 | $179,000 |
| 04/21/2000 | Sold ARMLS #1442439 | $170,000 |
| 03/30/2000 | Pending ARMLS #1442439 | — |
| 10/21/1999 | Listed (Active) ARMLS #1442439 | $179,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 8939 North 8th Street
Schools near 8939 North 8th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Desert View Elementary School PublicPK to 6 | ||
Royal Palm Middle School Public5 to 8 | ||
Sunnyslope High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Alhambra Homes for Sale
- Biltmore Highlands Homes for Sale
- Camelback East Homes for Sale
- Cliffs at North Mountain Condominiums Homes for Sale
- Las Brisas Condominiums Homes for Sale
- New Northtown Homes for Sale
- North Central Corridor Homes for Sale
- North Mountain Homes for Sale
- North Phoenix Homes for Sale
- Paradise Valley Village Homes for Sale
- Pointe Resort Condominiums at Tapatio Cliffs Homes for Sale
- Sunnyslope Homes for Sale
- Villa Sierra Madre Homes for Sale
- Foothill Acres Homes for Sale
- Biltmore Hillside Villas Homes for Sale
- Phoenix Homes for Sale
- Paradise Valley Homes for Sale
- Glendale Homes for Sale
- Scottsdale Homes for Sale
- Tempe Homes for Sale
- Peoria Homes for Sale
- Palo Verde Homes for Sale
- Laveen Homes for Sale
- Mesa Homes for Sale
- Tolleson Homes for Sale
- Sun City Homes for Sale
- Avondale Homes for Sale
- Youngtown Homes for Sale
- New River Homes for Sale
- El Mirage Homes for Sale
- 85029 Homes for Sale
- 85016 Homes for Sale
- 85018 Homes for Sale
- 85021 Homes for Sale
- 85022 Homes for Sale
- 85028 Homes for Sale
- 85012 Homes for Sale
- 85014 Homes for Sale
- 85013 Homes for Sale
- 85032 Homes for Sale
- 85023 Homes for Sale
- 85253 Homes for Sale
- 85015 Homes for Sale
- 85051 Homes for Sale
- 85017 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Gerchick Real Estate
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2025 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
